While Dogecoin (DOGE) remains the most dominant meme token, Shiba Inu (SHIB) remains on its tail. Interestingly, both projects are hot topics on Twitter thanks to Elon’s Musk fondness for each.
Still, Dogecoin (DOGE) appears to be the preferred option for the billionaire. Yet, some Dogecoin (DOGE) and Shiba Inu (SHIB) investors have looked at a more serious project like VC Spectra (SPCT) after rallying by 37.5% recently.
Shiba Inu (SHIB) Burns 29.8 Million SHIB Ahead of Shibarium Launch
‘Burning’ has been common for Shiba Inu (SHIB) this year, the latest involving the removal of 29.8 million tokens from circulation. The developers have paid careful attention to tokenomics to make the token more valuable over time.
This comes at a perfect time as the blockchain prepares for the hyped ‘Shibarium’ on August 15-16, 2023. The upgrade will introduce more functionality for Shiba Inu (SHIB), like a decentralized exchange, a metaverse, games, etc.
Twitter’s rebranding to ‘X’ has many talking about crypto as a potential payment method, with Shiba Inu (SHIB) as a favourite. Yet, Dogecoin (DOGE) is leading the way here, as evidenced by its price action.
Shiba Inu (SHIB) has flatlined around the $0.00000789 area for over a month. Meanwhile, Dogecoin has made highs over the past few days.
Dogecoin (DOGE) Up Nearly 20% Following Twitter Revamp
While it’s unclear if Shiba Inu (SHIB) will feature in Elon Musk’s plans, the Twitter CEO shows more love for Dogecoin. Firstly, Tesla deleted Bitcoin’s source code from its payment page, leaving Dogecoin (DOGE) as the sole accepted digital currency.
After the ‘X’ rebranding for Twitter came to light, Musk updated his bio to show the Dogecoin (DOGE) symbol. This support caused the near-20% jump from $0.07 to $0.083.
Considering these prior developments, enthusiasts of the meme token now believe Dogecoin (DOGE) may be one of Twitter’s payment methods. While it remains to be seen if this will happen, the hype remains high.
VC Spectra (SPCT) is another project increasingly gaining publicity as more investors get involved in its second-stage presale.
VC Spectra (SPCT) Rallies 37.5% After Stage 1 Presale
VC Spectra (SPCT) is a crypto-based asset management protocol that backs promising start-ups within the burgeoning blockchain and technology markets. Regardless of budget, anyone can join the platform and enjoy a transparent, decentralized, and autonomous experience.
VC Spectra (SPCT) will increase the chances of profitable returns through its expert team and many proprietary trading strategies.
SPCT, the platform’s utility token, is how investors get involved with VC Spectra. Like Shiba Inu (SHIB), it’s a deflationary token (with a capped 1 billion supply), where a portion of transaction fees is ‘burned.’
Furthermore, SPCT offers:
- Quarterly dividends through buybacks (above profits received from the invested projects)
- Voting rights
- Exclusive access to discounted ICOs
You can buy SPCT on the Bitcoin and Ethereum networks for a low $0.011. This came after a 37.5% jump from Stage 1 of VC Spectra’s (SPCT) presale. The returns will only compound for this new platform soon.
Stage 3 will usher a new price of $0.025, 127% higher than the current. The long-term prediction is an impressive 627% return (to $0.08) for the early adopters after the presale.
Ultimately, meme coins remain speculative buys. On the other hand, VC Spectra (SPCT) offers an investment opportunity in industries that will continue to exist decades from now.
Learn more about the VC Spectra presale here:
